Linamar (TSE:LNR) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$2.85b (up 12% from 2Q 2023).

• Net income: CA$174.1m (up 29% from 2Q 2023).

• Profit margin: 6.1% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: CA$2.83 (up from CA$2.19 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Linamar Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Auto Components industry in North America.

Performance of the market in Canada.

The company's shares are up 1.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Linamar's balance sheet and an in-depth analysis of the company's financial position.

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